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This information relates to the Cash account in the ledger of Crane Company. Balance September 1-$20,450; Cash deposited-$64,000 Balance September 30-$21,650; Checks written-$62,800 The September
This information relates to the Cash account in the ledger of Crane Company. Balance September 1-$20,450; Cash deposited-$64,000 Balance September 30-$21,650; Checks written-$62,800 The September bank statement shows a balance of $20,550 at September 30 and the following memoranda. Credits Collection from customer of electronic funds transfer $2,370 Interest earned on checking account 55 Debits NSF check: H. Kane Safety deposit box rent At September 30, deposits in transit were $5,288 and outstanding checks totaled $2,933. $1,100 70
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